PCC Public Advisory: New Merger Notification Filing and Review Fees Arrangement REFERENCE: mergers@phcc.gov.ph Mergers and Acquisitions Office Philippine Competition Commission RELATED LINKS: PCC Memorandum Circular No. 17-002: Revised Rules on Payment of Fees for Notification and Review of Mergers and Acquisitions BTr Treasury Circular No. 2-2022: Guidelines in National Deposited Collections and Issuance of Certification of… continue reading ››
PRESS STATEMENT Re: PLDT-Sky Cable Transaction 17 March 2023 The Philippine Competition Commission (PCC) is monitoring the developments surrounding the proposed transaction between PLDT, Inc. and Sky Cable Corp. after their disclosures to the public. The PCC notes that previous acquisition plans involving PLDT and Sky Cable have been rescinded in 2020 and 2022 for various reasons, including PLDT’s own… continue reading ››
PRESS STATEMENT Re: PCC probe on onion cartel allegations 16 February 2023 Since November 2022, the Philippine Competition Commission (PCC) has been investigating the high prices of onion for possible cartel or abuse of dominance conduct, consistent with the probe prompted by House Speaker Cong. Martin G. Romualdez and House Resolution No. 681 filed… continue reading ››
PRESS STATEMENTOn the transaction between Grab Philippines and Move It18 October 2022 Based on an initial assessment by the Philippine Competition Commission (PCC), Grab Philippines’ acquisition of Move It likely did not breach the thresholds for compulsory notification. Hence, the parties need not wait for approval from the PCC to consummate the transaction. Publicly available… continue reading ››
PRESS STATEMENT PCC looks into Dito complaints vs Globe Telecom and Smart Communications 26 August 2022 The Philippine Competition Commission (PCC) found reasonable grounds to open a preliminary inquiry into the complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications. The PCC Enforcement Office (CEO) will look into the allegations in the complaints for possible… continue reading ››
PRESS STATEMENT Re: TV5-ABSCBN and Cignal-SkyCable Transactions 11 August 2022 To date, the Philippine Competition Commission (PCC) has not been consulted and has not received any notification from MediaQuest Holdings and ABS-CBN Corp. on the “investment agreement” between TV5 and ABS-CBN, and the reported “sale and purchase agreement” between Cignal Cable Corp. and Sky Cable Corp. The… continue reading ››
PRESS STATEMENT Re: Dito complaint vs Globe Telecom and Smart Communications 8 August 2022 The Philippine Competition Commission (PCC) has received today two separate complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications for possible anti-competitive practice in their interconnection agreements. Interconnection is an essential component of the telecommunications industry as it allows interoperability… continue reading ››
PRESS STATEMENT Re: TV5 and ABS-CBN Joint Venture 5 August 2022 The Philippine Competition Commission (PCC) trusts that firms undertaking sizeable mergers or acquisitions conduct due diligence to ensure compliance with our antitrust law and engage in consultation with the Commission, where necessary. This includes M&A or joint venture transactions with considerable share in the markets… continue reading ››
PRESS STATEMENT Re: PCC’s resolve to strengthen enforcement in the pharmaceutical sector 26 July 2022 The Philippine Competition Commission (PCC) shares the vision of the President underscored in his first State of the Nation Address (SONA) for more accessible and lower priced medicines for Filipinos by ensuring fair competition in the pharmaceutical market. The Philippines… continue reading ››
PRESS STATEMENT Re: PCC Chairperson Balisacan’s Acceptance of Nomination as Next NEDA Secretary 23 May 2022 Upon the invitation of presumptive President Ferdinand Marcos, Jr., I have decided to help meet the challenges of the economy as Secretary of the National Economic and Development Authority (NEDA) in this important period of our economic… continue reading ››